All posts tagged Military

Sometimes it’s more interesting to look at the earnings in bundles. And this morning’s huge run of numbers gives us a few good categories.

Reuters

For instance, things that make loud noises.

General Dynamics, Northrup Grumman and Sturm Ruger all report results today. The first two are huge defense industry titans who compete with companies like Lockheed Martin, Raytheon and Boeing. With the exception of Boeing, which has a large commercial arm, the big aerospace boys are hurting.

Their stocks are off their 52-week highs and there’s a sense that the rate of defense spending is going to suffer amid fiscal concerns and rising domestic spending requirements. Northrop Grumman is estimated to make $1.45 a share, according to FactSet, and General Dynamics is expected to earn $1.64 a share.

About MarketBeat

MarketBeat looks under the hood of Wall Street each day, finding market-moving news, analyzing trends and highlighting noteworthy commentary from the best blogs and research. MarketBeat is updated frequently throughout the day, helping investors stay on top of what’s happening in the markets. Lead writers Paul Vigna and Steven Russolillo spearhead the MarketBeat team, with contributions from other Journal reporters and editors. Have a comment? Write to paul.vigna@wsj.com or steven.russolillo@wsj.com.

A rout in raw materials has helped drive down holdings in a Carlye Group firm’s flagship fund from about $2 billion to less than $50 million. The collapsing commodities market is spreading pain well beyond specialists to some of the heaviest hitters on Wall Street.